Tax Law Changes
Tax Year 2009
Individuals
- Alternative Minimum Tax (AMT)
- Adoption Benefits Increased
- Child's Investment Income
- Earned Income for Additional Child Tax Credit
- Decreased Estimated Tax Payments for Qualified Individuals With Small Businesses
- Deduction for Credit or Debit Card Convenience Fees
- Deduction for Sales and Excise Taxes Imposed on Purchase of New Motor Vehicles
- Earned Income Credit
- Economic Recovery Payment
- Education Savings Bond Exclusion
- Hope and Lifetime Learning Credits
- Student Loan Interest Deduction
- Archer Medical Savings Accounts (MSAs)
- Health Coverage Tax Credit
- Health Flexible Spending Arrangements (FSAs)
- Health Savings Accounts (HSAs)
- Long-Term Care Premiums
- Discharge of Qualified Principal Residence Indebtedness
- First-Time Homebuyer Credit
- Sale of Main Home
- Income Averaging for Farmers and Fisherman
- Increase in Limit on Long-Term Care and Accelerated Death Benefits Exclusion
- Increase in Personal Casualty and Theft Loss Limit
- Maximum Tax Rate on Qualified Dividends and Net Capital Gain Reduced
- Penalty for Failure to File Income Tax Return Increased
- Qualified Transportation Fringe Benefits
- Social Security and Medicare Taxes
- Standard Deduction Increased
- Standard Mileage Rate
- Unemployment Compensation
- Wage Threshold for Household Employees
Businesses
- 5-Year Carryback of 2008 and 2009 Net Operating Losses (NOLs) for Eligible Small Businesses (ESBs)
- Alcohol and Cellulosic Biofuel Fuels Credit
- Biodiesel and Renewable Diesel Fuels Credit
- Build America Bonds
- Cancellation of Debt
- Capital Gain Tax Rate Reduction for Corporations With Qualified Timber Gain
- Carbon Dioxide Sequestration Credit
- Changes to Investment Credit
- COBRA Premium Assistance Credit
- Credit for Employer Differential Wage Payments
- Depletion
- Depreciation and Section 179 Expense
- Disqualified Corporate Interest Expense Disallowed Under Section 163(j) and Related Information
- Domestic Production Activities Deduction
- Election to Accelerate Certain Credits in Lieu of the Special Depreciation Allowance
- Employer-Owned Life Insurance Contracts
- Health Savings Accounts (HSAs)
- Maximum Automobile Value for Using the Cents-Per-Mile Valuation Rule
- Meal Expenses When Subject to "Hours of Service" Limits
- New Forms to Adjust Employment Tax Returns
- Nonqualified Deferred Compensation Plans
- Original Issue Discount (OID)Tables
- Partial Exclusion Increased for Gain From Certain Small Business Stock
- Penalty for Late Filing of a Partnership Return
- Penalty for Late Filing of an S Corporation Return
- Qualified Transportation Fringe Benefits
- S Corporation Built-in Gains Tax
- Self-Employment Tax
- Social Security and Medicare Taxes
- Standard Mileage Rate
- Vehicle Credits
- Work Opportunity Credit
Older Tax Law Changes
- 2008 Business Tax Law Changes
- 2008 Individual Tax Law Changes
- 2007 Business Tax Law Changes
- 2007 Individual Tax Law Changes
- 2006 Business Tax Law Changes
- 2006 Individual Tax Law Changes
- 2005 Business Tax Law Changes
- 2005 Individual Tax Law Changes
- 2004 Tax Law Changes
- 2003 Tax Law Changes
- 2002 Tax Law Changes
